Legal Question in Credit and Debt Law in Wisconsin
Satisfying delinquent car loan
My stepson's estranged wife didn't keep up payments and insurance on their car. We took the car to sell it but the loan & title is in both names & she won't sign. Divorce proceedings aren't until mid-June and he would like to sell it ASAP and pay down the loan balance. Other than letting it get repossessed, is there anything we can do?
1 Answer from Attorneys
Re: Satisfying delinquent car loan
The only other thing I can think of is going to court and asking to have to car sold. It may or may not be granted and and may or may not be a good idea. I dont have enough facts to say for sure, but think about how much money you will get if that is done. You cant sell without court approval while divorce is pending. Good luck, Mark J. Mahoney